Horizon Bancorp Launches Public Offering of Shares, Shares Down 1.78%

Horizon Bancorp has launched a public offering of shares of common stock. The offering is underwritten by the company and it also granted the underwriters a 30-day option to purchase additional shares. The stock price was down 1.78% post-market to $15.75.

Horizon Bancorp, Inc. (NASDAQ: HBNC) has launched an underwritten public offering of its common stock. The offering, announced on August 20, 2025, includes a 30-day option for underwriters to purchase up to an additional 15% of the shares sold [1]. The net proceeds from the offering will be used for general corporate purposes, with a specific focus on potential balance sheet repositioning [2].

The offering is being managed by Keefe, Bruyette & Woods, Inc., A Stifel Company and Performance Trust Capital Partners, LLC, both of which have expertise in balance sheet restructuring and capital raising for regional banks [2]. The stock offering is being conducted through a shelf registration statement on Form S-3, with a preliminary prospectus supplement already filed with the Securities and Exchange Commission (SEC) [1].

Post-market trading saw Horizon Bancorp's stock price drop by 1.78%, settling at $15.75 [2]. This move suggests that investors are cautious about the potential dilution to existing shareholders and the specifics of the balance sheet repositioning plan. The offering size and the exact nature of the repositioning are not yet clear, which will be crucial for investors to evaluate the potential dilution against the expected benefits of a strengthened financial position.

Horizon Bancorp, a $7.7 billion-asset commercial bank holding company, serves customers in diverse and economically attractive Midwestern markets through digital and virtual tools as well as its Indiana and Michigan branches [1]. The bank offers a range of retail and business banking services, with commercial lending representing over half of its total loans [1]. The company's forward-looking statements highlight various risks, including interest rate sensitivity, asset quality, and regulatory changes, which the stock offering aims to address [1].

Investors should carefully review the final prospectus supplement and accompanying prospectus to fully understand the details of the offering and the potential benefits and risks associated with Horizon Bancorp's balance sheet repositioning plan.

References:
[1] https://www.morningstar.com/news/globe-newswire/9515766/horizon-bancorp-inc-announces-launch-of-common-stock-offering
[2] https://www.stocktitan.net/news/HBNC/horizon-bancorp-inc-announces-launch-of-common-stock-m66vbjt8r2hs.html